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CBN Directs Charge Of Stamp Duties Of NGN 50 On Bank Transfers - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Directs Charge Of Stamp Duties Of NGN 50 On Bank Transfers (2059 Views)

FIRS, NIPOST Battle Over Control Of Stamp Duties Funds / CBN Introduces New Charges On Bank Deposits And Withdrawals / N50 Stamp Duty Imposed On Bank Customers By FG (2) (3) (4)

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CBN Directs Charge Of Stamp Duties Of NGN 50 On Bank Transfers by jaz(m): 6:26pm On Jan 19, 2016
for those that don't know, CBN has just introduced another dimension to revenue generation and profit milking both for the common man and companies alike.
all bank transfers above 1000 naira from a current account is to suffer 50 naira stamp duties charge. this is separate from the normal charges banks deduct from transfers.
another question is if these stamp duties expenses will be tax deductible. Buhari has done it again...kudos. check out the full circular.

http://thenewsnigeria.com.ng/2016/01/cbn-directs-banks-charge-stamp-duties-on-deposits-transfers/
Re: CBN Directs Charge Of Stamp Duties Of NGN 50 On Bank Transfers by Meringe(m): 6:42pm On Jan 19, 2016
Trial and error economy managers

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